8893 Reading Avenue Los Angeles, CA $ 1,275,000
8893 Reading Avenue
$ 1,275,000
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8893 Reading Avenue

Los Angeles, CA, 90045
$ 1,275,000
Baths1.0 Sq 2,829

Monthly Estimate*

$ 7,850

Listed by Lyon Stahl Investment Real Estate, Inc.
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,275,000 with 1 full bath. This 2,829 square foot home was built in 1950 on a lot size of 0.1623.

This turnkey asset in Westchester is offered at $318,750 per unit. The 2,829 SF building on a 7,068 SF street-to-alley lot features (1) 2-bed/1-bath unit and (3) 1-bed/1-bath units, with a current 5.37% cap rate and 12.66 GRM, with additional upside through ADU development. The interiors are fully upgraded with quartz countertops, shaker cabinets, new flooring, recessed lighting, stainless steel appliances, and an on-site coin-operated laundry room. Additional improvements include upgraded electrical panels, plumbing systems, and tankless water heaters. The property also features (2) detached two-car garages, offering potential ADU conversion (buyer to verify). Zoned LAR3 with TOC Tier 3, the asset presents strong development potential in a rapidly growing Westchester submarket. Tenants enjoy convenient parking and a prime location near LAX, Playa Vista, and Silicon Beach, with easy access to major employment hubs, retail, and transit. 8893 Reading Ave represents a turnkey opportunity with strong returns and future upside in one of Los Angeles’ most sought-after rental markets.

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Multi-Family Active

Price

$ 1,275,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1623

Year Built

1950

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SB26067928

Days on Market

10

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Asphalt
HOA Fee 0
Garage Spaces 4
Pool Features None
Year Built 1950
Electric Standard
Tenant Pays Electricity Gas
View None
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 0
Community Features Biking Curbs Golf Storm Drain(s) Street Lights Suburban Sidewalks
Accessibility Parking
County Los Angeles
Net Operating Income 68514
Operating Expense 29181
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
Facing Direction East
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Reading Ave & W Manchester Ave Reading Ave & W 88th St
City Los Angeles
Entry Location 1
Senior Community Y/N false
Number Of Units Total 4
MLS Area C29 - Westchester
Lot Size Units Square Feet
Lot Size Square Feet 7068
Number of Units Leased 4
Listing Terms Contract
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Property Condition Turnkey
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 101
Total Actual Rent 8393
Property Sub Type Additional Apartment
Expected Active Date 2026-04-01
Cap Rate 5.37
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Interior
Flooring Vinyl
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows
Fireplace Y/N false
Laundry Features Common Area Laundry Room
Entry Level 1
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Exterior
Fencing None
Parking Features Assigned
Lot Features 2-5 Units/Acre
Water Source Public
Total Parking 4
Lot Size Area 7068
Number of Buildings 1
Spa false
Building Area Total 2829
Lot Size Acres 0.1623
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 5
Road Frontage Type Alley City Street
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* Excluded Features
List By
Lyon Stahl Investment Real Estate, Inc.

Broker

ryan.v@lyonstahl.com

Email

Affordability Calculator

$7,850
Per Month
100%
0%
0%
Monthly Principal & Interest
$7,850
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/31/2026$1,275,000 Listed Price

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8893 Reading Avenue, Los Angeles, CA, 90045 is a Multi-Family Home for sale at $1,275,000 with 2,829 sqft and a lot size of 0.1623. 8893 Reading Avenue is a studio with 1.0 baths and was built in 1950. The property's zip code is 90045 which is in Los Angeles, CA